FY18 production of 80.5 mboe/d with YE18 net debt of US$2.3 bn had already been reported. The company reiterated its FY19 production guidance of 75 mboe/d with US$340 mm capex. FY18 net cash from operating activities stood at US$722.8 mm (consensus of US$669-783 mm). YE18 2P reserves stood at 194 mmboe with contingent resources of 673 mmboe (YE17 2P reserves of 302 mmboe + 2C resources of 600 mmboe). The reduction of 2P reserves reflects the re-categorisation of 134 mmboe from 2P to 2C at Sea
07 Mar 2019
FLASH: FY18 results
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FLASH: FY18 results
Harbour Energy Plc (HBR:LON) | 273 -4.6 (-0.6%) | Mkt Cap: 2,101m
- Published:
07 Mar 2019 -
Author:
Stephane Foucaud -
Pages:
2
FY18 production of 80.5 mboe/d with YE18 net debt of US$2.3 bn had already been reported. The company reiterated its FY19 production guidance of 75 mboe/d with US$340 mm capex. FY18 net cash from operating activities stood at US$722.8 mm (consensus of US$669-783 mm). YE18 2P reserves stood at 194 mmboe with contingent resources of 673 mmboe (YE17 2P reserves of 302 mmboe + 2C resources of 600 mmboe). The reduction of 2P reserves reflects the re-categorisation of 134 mmboe from 2P to 2C at Sea